The NAB Quarterly Australian Residential Property Survey in the December quarter has turned slightly positive as the pace of national house price decline slows and rental growth accelerates.
- Moderating house prices declines and stronger rental growth saw NAB’s Residential Property Index move just back into positive territory
- National house prices are still falling, but the pace of decline slowed
- Rental growth is accelerating and forward expectations have been revised up
- There was a notable increase in first home buyer activity in the new property market, likely reflecting a more benign interest rate outlook and softer house prices. Investors and overseas buyers were also more prominent in this market
- Demand for new property from first home buyers, Australian investors and overseas buyers increased
- Demand for new residential property is expected to strengthen across all property types over the next 12 months
- Tight credit and housing affordability is still seen as major impediments to new building
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This is good news for a residential property manager. Unfortunately the market fluctuates a lot.
Great information there, I have always wondered the right way to go about this, thanks for showing me!
Some of them points are really straight forward but all too often you will over look them.